The Supervisory Board of VTB Bank (Azerbaijan) has appointed Yuri Yakovlev as the chairman of its Management Board. Mr. Yakovlev assumed office in July 2014 after certification by the Central Bank of Azerbaijan.
Yuri Yakovlev has been working at VTB Group since 2006. In 2011, he was appointed head of the New Delhi branch of VTB Bank.
First Deputy President and Chairman of VTB Bank Management Board Vasily Titov said: "Yuri Yakovlev has significant financial sector experience. He has successfully managed the task of running VTB Bank’s subsidiary in India efficiently. We believe that under his guidance, VTB Bank (Azerbaijan) will actively continue to grow its business while strengthening key financial indicators."
Yuri Yakovlev, born in 1957, is a graduate of the Diplomatic Academy of the Russian Foreign Ministry, holds a PhD in economics, and is an expert on international trade and economic relations.
He began his professional career in 1978.
From 1980 to 2003, he held various positions, including management positions, positions in the Ministry of Culture, the Ministry of Foreign Economic Relations and the Ministry of Foreign Affairs, and has contributed to the preparation and implementation of several large international investment projects in southern Asia.
Mr. Yakovlev has considerable experience in working for credit institutions.
From 2003 until he accepted a position at VTB in 2006, he held the posts of head of the Department of Foreign Trade Transactions and Correspondent Relations and was subsequently adviser to the chairman of the Russian Investment Alliance bank.
VTB Bank (Azerbaijan) is a subsidiary of VTB Bank. Its shareholders are VTB Bank and AtaHolding. VTB Bank (Azerbaijan) provides services to corporations, small businesses and private individuals. It has six subdivisions and a Customer Service Department at its head office.